Car NewsAimed at those searching for the latest automotive news delivered in a timely manner, the news category reports about new car releases and brings exclusive stories from the automotive niche. Car news are delivered every day and focused on those in need of the newest from the automotive world.

Car TechTechnology is constantly changing and evolving, from under the hood to inside the cabin. Plus, with our smartphones, there are more car related apps than ever before. Some apps track your performance and fuel economy while others help you find the best deal on a pre-owned car. We highlight these and other trends while uncovering the benefits (and drawbacks) of the latest car technology.

Test DrivesReading our latest Car Reviews will treat you with professionally written and well executed car reviews from our experts. Extensive galleries of the newest cars and interesting reports on vehicles available are complemented with rigorous appraisement expressed in our Pros and Cons section.

Car TalkMany of our strong feelings, thoughts, and passions about automobiles are reflected here in our editorials. These editorials are based on our observations on the industry and are designed to stimulate conversation about cars and the overall car culture.

Future DrivingNew technologies are changing the way we travel. Is it possible robot cars will chauffeur us everywhere before long? Semi-autonomous technologies are already available on some cars today – is full on autonomous driving next? We explore this bold new era, from the proponents who point to increased safety and better use of infrastructure, to the skeptics who feel there is no substitute for human intuition behind the wheel. As this new age approaches, where will you be when the future of transportation arrives? System Safety Las Vegas 2016: The first automotive event to provide a comprehensive look at safety in every component of highly automated systems. Click below to read more about the conference and use the code Automoblog-1-D87ZS2N at checkout to get 10% discount!

Saab Balks at New Deal With Youngman, Pang Da

Last we heard from Saab, it had received $60 million in funding from North Street Capital. North Street is a private investment firm based in the United States, and has already made plans to purchase Spyker. Saab secured a loan with North Street because it hadn’t received full payment of the bridge money that was due from Chinese companies Pang Da and Youngman. Not receiving the funding was a big warning flag (like nearly everything else that has happened with Saab lately….) about the viability of the deal.

Now we find out the previous agreement has been terminated completely. Instead, Pang Da and Youngman presented Saab with a takeover offer – an outright purchase of all of Saab’s shares. Such a move would likely oust the current management team, and would make Saab a wholly-owned Chinese company. Chief Executive Victor Mueller balked at the offer, leaving Saab in the position it is in today.

$60 million from North Street isn’t enough to carry the company through much of anything. Alex Mascioli, managing partner of North Street, says that he loves Saab and supports it. Speaking with Car and Driver, he said: “Victor Muller will stay on as the CEO. We’re confident in him; this was his baby from the very beginning, and he knows what works and what doesn’t. Our role is just to provide the liquidity and the resources and be the number-one cheerleader.”

To survive and continue with future product plans, Saab needs a huge investment – try around $750 million. Saab says talks with Pang Da and Youngman on another deal are “continuing” but it likely won’t lead anywhere. Their refusal to invest without full ownership isn’t entirely surprising; Saab is a money-losing entity right now with a lot of baggage.

The name still has value, but the main thing the Chinese companies want is intellectual property, which is much more likely to be obtained in a full, outright purchase. Decision on termination of the reorganization process is pending. Saab is appealing the move and asking the court to put a new person in oversight of the reorganization. Unless Saab can pull yet-another rabbit out of its hat, its hard to see where they go from here.